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Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M
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Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500.
Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%.
After an overnight comedown accelerated, however, buyer support appeared to return — but not before 24-hour crypto liquidations hit $875 million.
Meanwhile, $58,400 corresponded with Cointelegraph contributor Michaël van de Poppe’s line in the sand to prevent further
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